How ATM card skimmers work
The South African Banking Risk Information Centre (Sabric) recently warned that card fraud is still a big problem in South Africa, with card skimming contributing to the problem.
Criminals use sophisticated technologies and well-hidden devices to catch unsuspecting victims at ATMs.
To date, not much information was available about how these skimmers are installed and worked – but new videos published by Krebs on Security shows how they function.
Krebs on Security explained that operating an ATM skimmer requires two special tools that are sold with it.
- One tool to set the skimmer in place inside the ATM’s card acceptance slot.
- Another tool to retrieve the skimmer from the ATM.
In the videos below from Krebs on Security, a skimmer seller demonstrates how his insert skimmers work and how the device allows cards to transit through the ATM card reader while recording their data.
More on card skimming
Watch out for these card skimming and PIN theft tricks criminals use
The new way criminals are card skimming at ATMs
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